NOT LISTED FOR SALE

Estimated Value: $239,000 - $505,000

6 Beds
3.5 Baths
2,720 Sq Ft
$137/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $322,000 $118 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,331/month

3 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Crown Molding
  • Covered Patio or Porch
  • Eat-In Kitchen
  • Laundry closet

About This Home

As of March 2020

Check out this fourplex in downtown Evansville, close to everything! Unit A is a one-bedroom, one-bath unit with front and rear entry/exits; lots of light; and an updated bath including a tiled shower, sliding glass door, light and bathroom fixtures; tenant occupied since November 2019, renting for $650 per month. Unit B is a two-bedroom, one-bath unit that is tenant occupied since July 2018 , renting for $710 per month. Unit C is a second floor, two-bedroom, one-and-a-half bath, one-and-a-half-story unit with a remodeled kitchen, half bath, full bath, and has a washer and dryer included. It was owner occupied but is now vacant. Unit D is a second floor, one-bedroom, one-bath unit with an open floor plan, new overhead kitchen lighting and neutral paint, tenant occupied since July 2018, renting for $640 per month. The apartment units have their own separate meters for Vectren, but there are two meters for common stair lights and the basement which are in the owner's name and paid by owner.

Last Agent to Sell the Property

Chelsi Moore

@properties Listed on: 02/05/2020

@properties

Last Buyer's Agent

Philip Hooper

Berkshire Hathaway HomeServices Indiana Realty

Berkshire Hathaway HomeServices Indiana Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,731

Year Built

  • Built in 1859

Lot Details

  • 5,619 Sq Ft Lot
  • Lot Dimensions are 75 x 75
  • Fenced Yard
  • Decorative Fence
  • Aluminum or Metal Fence
  • Level Lot
  • Historic Home

Home Design

  • Quadruplex
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Crown Molding
  • Eat-In Kitchen
  • Partially Finished Basement

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry closet
  • Washer Hookup

Outdoor Features

  • Covered Patio or Porch

Schools

  • Tekoppel Elementary School
  • Helfrich Middle School
  • Francis Joseph Reitz High School

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable, electric, fuel
  • The owner pays for building insurance, maintenance, trash collection, water
  • Assessor Parcel Number 82-06-30-020-077.008-029

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,200
  • Insurance Expense $2,700
  • Water Sewer Expense $1,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,731

Year Built

Built in 1859

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1859
  • Age: 161
  • Style: Three Story
  • Architectural Style: Historic
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 4
  • Total Full Bathrooms: 3
  • Total Number of Half Bathrooms: 1
  • Legal Description: UPPER ENL PT LOT 61 75 X 75 FT
  • Parcel Number ID: 82-06-30-020-077.008-029
  • Platted: Yes
  • Amenities: Basement, Fenced Yard, Crown Molding, Eat-In Kitchen, Porch Covered, Washer Hook-Up
  • Sp Lp Percent: 96.12
  • Monthly Gross Income: 2850
  • Year Taxes Payable: 2019
  • Special Features: None

Interior Features

  • Total Sq Ft: 3280
  • Total Finished Sq Ft: 2720
  • Above Grade Finished Sq Ft: 2720
  • Below Grade Sq Ft: 560
  • Price Per Sq Ft: 118.38
  • Basement: Yes
  • Basement Foundation: Partial Basement, Unfinished
  • Flooring: Tile, Vinyl, Wood
  • Total Below Grade Sq Ft: 560
  • Number Of Microwaves: 1
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Aluminum, Vinyl, Wood
  • Fence: Decorative, Metal
  • Stories: 2

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas
  • Sewer: Public
  • Water Utilities: Public
  • Annual Electric: 1200
  • Annual Insurance Expense: 2700
  • Annual Water Sewer Expense: 1500
  • Number Of W D Hookups: 4

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Evansville-Vanderburgh School Corp.
  • Elementary School: Tekoppel
  • Middle School: Helfrich
  • High School: Francis Joseph Reitz
  • Elementary School: Tekoppel

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 75 x 75
  • Estimated Lot Sq Ft: 5619
  • Estimated Lot Size Acres: 0.129

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Maintenance, Trash Collection, Water
  • Tenant Pays: Cable, Electric, Fuel

Multi Family

  • Gross Monthly Rent: 2850
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 2
  • Num Of Units Rented: 3

Tax Info

  • Annual Property Tax: 2731

MLS Schools

  • High School: Francis Joseph Reitz
  • Middle School: Helfrich
  • School District: Evansville-Vanderburgh School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2020
Closed on
Mar 26, 2020
Sold by
Hillyer Audrey A
Bought by
Demond Lynne
Seller's Agent
Chelsi Moore
@properties
Buyer's Agent
Philip Hooper
Berkshire Hathaway HomeServices Indiana Realty
List Price
$335,000
Sold Price
$322,000
Premium/Discount to List
-$13,000
-3.88%
Current Estimated Value
$373,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,667
Avg. Annual Appreciation
5.90%
Original Mortgage
$257,600
Outstanding Balance
$230,661
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$209,006

Purchase Details

Closed on
Jun 28, 2016
Sold by
Fosse William H and Fosse Ruth J
Bought by
Hillyer Audrey A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
3.66%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Demond Lynne -- None Available
Hillyer Audrey A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demond Lynn $257,600
Closed Demond Lynne $257,600
Previous Owner Hillyer Audrey A $101,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2020 03/27/20 Sold $322,000 -3.9% $118 / Sq Ft
02/08/2020 02/08/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $335,000 -- $123 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,584 $166,100 $11,300 $154,800
2023 $2,890 $163,400 $11,000 $152,400
2022 $2,721 $152,000 $11,000 $141,000
2021 $2,573 $140,600 $11,000 $129,600
2020 $2,493 $139,600 $11,000 $128,600
2019 $2,374 $139,600 $11,000 $128,600
2018 $2,371 $139,300 $11,000 $128,300
2017 $2,350 $137,700 $11,000 $126,700
2016 $1,058 $99,300 $11,000 $88,300
2014 $2,131 $97,500 $11,000 $86,500
2013 -- $89,900 $11,000 $78,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202004479

Indiana Regional MLS

APN: 82-06-30-020-077.008-029